I guess once the seal on the 2008 class was broken by DailyBurn, things started to happen. Recently, Techstars 2008 company Occipital announced that they had sold RedLaser, their popular bar code scanning application, to eBay. RedLaser quickly amassed millions of users.
Below is a great video interview by StartupTrek with Occipital co-founder Vikas Reddy, where he talks about applying and being accepted to Techstars, pivoting, and building RedLaser. This interview was done before they sold RedLaser, but you can read more about the sale to eBay on Occipital’s blog.
Occipital remains a freestanding company and will not be moving over to eBay. They’ve beefed up their team and are hard at work on their next secret project. Even though this isn’t technically an exit, it was still a big win for them and a little gift might still be in their future.
Congratulations to Jeff, Vikas, and the team. Knowing them, I fully expect to watch in amazement as these guys to use this as fuel to do bigger, better, and even more amazing stuff.